The global edge computing market size is anticipated to reach
USD 43.4 billion by 2027, exhibiting a CAGR of 37.4% over the forecast period,
according to a new report by Grand View Research, Inc. 5G technology is
expected to act as a catalyst for market growth. Applications using the 5G technology
are expected to change traffic demand patterns, enabling technology growth
avenues for the telecom providers. The cloud leaders see this as a threat and
have started investing in the edge ecosystem by engaging in partnerships with
telecom companies. It’s quite evident that 5G and its probable benefits have
the potential to create a powerful network based on the technology that is
expected to reorganize the industry architecture.
The rise in the adoption of the technology by
telecom companies is expected to embrace new opportunities in Multi-access Edge
Computing (MEC) market space. MEC allows companies to mitigate network
congestion and ensure higher application performance by bringing processing
tasks and running applications closer to the cellular customer. Furthermore,
the implementation of MEC at mobile base stations or edge nodes is expected to
facilitate the rapid and flexible deployment of new services and applications
for customers, which promises healthy market growth.
Furthermore, there has been an anticipated
wave of micro Edge Data Center (EDC) capacity that differs from the large
centralized data centers to support the centralization of hyperscale computing.
These data centers are expected to range from small clusters of the edge cloud
resources located on a streetlight to a few racks located in a shelter at the
base of a cell tower or inside buildings. Additionally, the 5G networks use EDC
to provide efficient local data services, which enables the EDCs to redirect
edge traffic away from the carrier networks to local public internet networks.
Also, various start-ups such as EdgeMicro is in the process of deploying
commercial mini data centers for IT computing stack, redundant cooling, fire
suspension, and biometric security.
The development of edge Artificial
Intelligence (AI) is continually expanding due to the increase in the number of
connected devices globally, which is expected to propel edge computing market
growth over the next few years. Edge AI is expected to allow real-time operations,
including data creation, reducing power consumption, and reduce the costs for
data communications for wearable devices and self-driving cars. Various
companies such as NVIDIA Corporation; Google Inc.; and Intel Corporation are
developing processors specifically designed for the computing technology to
accelerate the inferencing process. For instance, Atos SE launched AI-enabled
high-performing server based on the technology to manage data. The installed
BullSequana Edge Server steadily processes and manages IoT data, close to the
source where it is generated.
North America dominated the market in 2019 and
accounted for largest share in terms of revenue. The growth is attributed to
rising adoption of the technology among manufacturers in U.S. Increasing number
of startups developing advanced business solutions based on the technology is
driving the market in the region. Asia Pacific is anticipated to witness
highest CAGR over the forecast period.
Browse full research report on Edge
Computing Market:
https://www.grandviewresearch.com/industry-analysis/edge-computing-market
Further key
findings from the report suggest:
- The software segment is envisioned to witness
the fastest growth due to large scale deployment of edge computing-based
software stack platforms
- The data center segment is expected to grow
the fastest over the forecast period owing to the growing trend to shift
from a centralized cloud server to edge server on account of reduced
latency
- The Asia Pacific region is expected to emerge
as the fastest-growing regional market owing to the advent of 5G in the
region and rising uptake of IoT-backed applications
- Some of the key players in the edge computing
market are Amazon Web Services (AWS), Inc.; Belden Inc.; Cisco Systems,
Inc.; Digi International Inc.; Hewlett Packard Enterprise Development LP;
Intel Corporation; Microsoft Corporation, and IBM Corporation.
Browse request sample of this report by
Grand View Research:
https://www.grandviewresearch.com/industry-analysis/edge-computing-market/request/rs1
Grand
View Research has segmented the global edge computing market on the basis of
component, industry vertical, and region:
Edge
Computing Component Outlook (Revenue, USD Billion, 2016 - 2027)
- Hardware
- Edge Nodes/Gateways
(Servers)
- Sensors/Routers
- Others
- Software
- Services
- Edge-Managed
Platform
Edge
Computing Industry Vertical Outlook (Revenue, USD Billion, 2016 - 2027)
- Industrial
- Energy &
Utilities
- Healthcare
- Agriculture
- Transportation &
Logistics
- Retail
- Datacenters
- Wearables
- Smart cities, smart
homes, smart buildings
Edge
Computing Regional Outlook (Revenue, USD Billion, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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